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VUB replaces Tatra Banka as top Slovak bank

GENERAL Credit Bank (VUB) was this year’s recipient of the prestigious Euromoney Award for Excellence for the best Slovak bank, the TASR news wire reported.

VUB replaced Tatra banka, which had held the hypothetical sceptre for nine years in a row.

When assessing the banks, Euromoney magazine takes into account both qualitative and quantitative criteria like, for example, market position and share, new product development, management system, and equity.

"The prize is a real acknowledgement of what we have managed to do after the entry of our majority shareholder, Gruppo Banca Intesa [of Italy]," said VUB's director general, Tomáš Spurný.

Compiled by Beata Balogová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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